BEBR releases Utah’s Homebuilding Industry, Part I
July 16th, 2009
Utah’s residential construction contraction in 2008 was the most severe on record. The result of Utah’s housing bubble collapse is the loss of $20 billion in residential real estate wealth, elimination of over 18,000 construction jobs, and forced several hundred homebuilders out of business. Read Utah’s Homebuilding Industry, Part I to see the comparative performance of Utah to other states and the nation and review detailed local homebuilding activity, past and present.